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$ 1,150,000
Est. payment | /mo
4 Beds
4,516 SqFt
$ 1,150,000
Est. payment | /mo
4 Beds
4,516 SqFt
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 4,516 sqft
Price per Sqft $254
MLS Listing ID CL25623103
Bedrooms 4
HOA Y/N No
Year Built 1920
Lot Size 7,510 Sqft
Acres 0.17
Property Sub-Type OTHER
Property Description
An exceptional investment opportunity awaits in the heart of Los Angeles. This spacious and elegantly maintained four-unit property sits on a large 7,510 sq. ft. lot, just blocks from the University of Southern California, the Coliseum and one block from the iconic BMO Stadium, home of LAFC. Each of the four units contains approximately 1,100 Sq. Ft. with pristine hardwood floors and nice finishes offering immediate appeal for residents. Situated just minutes to Exposition Park the new Lucas Museum of Narrative art, Expo Line Train Station, this property offers incredible access to cultural landmarks, public transit, and campus life. The neighborhood is experiencing rapid appreciation, making this a strong income-producing investment. Property includes a driveway to a back lot for ample parking. Easy reach to downtown LA, cultural venues, and public transit. High Demand Market Student housing, young professionals, and sports/cultural enthusiasts. The Fourth ground-floor vacant unit offers Value-Add Opportunity: Renovate the fourth unit for increased returns at a projected rental income of $2,300/month or as an owner user. Gross Rent Multiplier is calculated with the actual gross rent of the occupied three units plus the scheduled gross rent for the vacant unit.
Location
State CA
County Los Angeles
Zoning LAC2
Interior
Heating Natural Gas
Cooling No Air Conditioning
Flooring Wood
Fireplace No
Laundry In Kitchen, Laundry Closet
Exterior
Total Parking Spaces 6
Building
New Construction No
Others
Tax ID 5019028013
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Listed by Bob Day • Coldwell Banker Realty
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